Contraction of the Used-Car Market and Intensifying Competition
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
0 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe risks of used-vehicle market contraction and intensifying competition among industry peers, which had been disclosed through the previous fiscal year, are not presented separately under Business and Other Risks in this filing.
- FY2018RestatedAnnual report
「The market for used-vehicle sales in which the Group operates is expected to contract going forward due to the decline in Japan's population and changes in the preferences of younger people. The Group aims to grow in this market environment through strategies such as narrowing the range of vehicle models handled and opening stores aimed at lifetime customer relationships. However, as competition with industry peers is expected to intensify further for both existing stores and new openings, securing profits may become more difficult than it is currently.」
The risks of contraction in the used-vehicle market and intensifying competition at existing stores and new openings, along with responses through narrowing the range of vehicle models handled and opening stores aimed at lifetime customer relationships, continue to be identified. - FY2017RestatedAnnual report
「The market for used-vehicle sales in which the Group operates is expected to contract going forward due to the decline in Japan's population and changes in the preferences of younger people. The Group aims to grow in this market environment through strategies such as narrowing the range of vehicle models handled and opening stores aimed at lifetime customer relationships. However, as competition with industry peers is expected to intensify further for both existing stores and new openings, securing profits may become more difficult than it is currently.」
The disclosure continues to address market contraction due to population decline and changes in younger people's preferences, as well as intensifying competition at existing stores and new openings. - FY2016First statedAnnual report
「The market for used-vehicle sales is expected to contract going forward due to the decline in Japan's population and changes in the preferences of younger people. The Group aims to grow in this market environment through strategies such as narrowing the range of vehicle models handled and opening stores in a dominant-area strategy. However, as competition with industry peers is expected to intensify further for both existing stores and new openings, securing profits may become more difficult than it is currently.」
The disclosure addresses market contraction due to population decline and changes in younger people's preferences, as well as intensifying competition at both existing stores and new openings.